FTSE Group (“FTSE”), the award-winning global index provider, has licensed the FTSE BRIC 50 Index to China Southern Fund Management (China Southern) for their first passive Qualified Domestic Institutional Investor (QDII) fund.
The new fund which launches in China further highlights how the collaboration between FTSE and domestic fund managers is bringing global investment opportunities to Chinese investors.
Jessie Pak, FTSE Director of Asia said, “Investors’ interest in significant emerging markets is gaining momentum. As the basis of the China Southern fund, the FTSE BRIC 50 gives Chinese investors access to the potential investment opportunities in these markets. FTSE is also pleased to be part of the QDII scheme development and, as a pioneer in the China market, looks forward to building on this success.”
Ding Chen, Assistant CEO, Managing Director, China Southern commented, “There is growing interest among our clients to explore investment opportunities in the large growth markets of Brazil, Russia, India and China. Choosing the FTSE BRIC 50 Index as the basis of our first passive QDII fund enables us to tap FTSE’s expertise to base our fund on a representative and easily replicable index that meet the needs of investors. We look forward to continuing our relationship with FTSE as our product offerings expands.
The FTSE BRIC 50 Index represents the performance of the 50 largest companies by full market capitalisation, that trade as either depositary receipts (DRs) for Brazilian, Indian or Russian companies, or H Shares and Red Chips for Chinese companies. The index is based on the FTSE All-World Index and therefore adopts award winning methodology which includes free float adjustment and liquidity screens, and is managed in accordance with a clear and transparent set of index rules.
For more information on the construction of FTSE BRIC 50 Index, please visit www.ftse.com/allworld.